Here’s Why Bitcoin Bears Must Wait for $6K Considering A Correction Is Due

Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand.Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar.
A break above $5,600 is likely to lead the price towards the $6,000 resistance.
There is a short term contracting triangle forming with resistance near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
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